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Full Description
Commentary on the financial crisis has offered technical analysis, political finger pointing, and myriad economic and political solutions. But rarely do these investigations reach beyond the economic and political causes of the crisis to explore their underlying intellectual grounds. The essays in this volume delve deeper into the cultural and intellectual foundations, philosophical ideas, political traditions, and economic movements that underlie the greatest financial crisis in nearly a century. Moving beyond traditional economic and political science
approaches, these essays engage thinkers from Hannah Arendt to Max Weber and Adam Smith to Michel Foucault.
With Arendt as a catalyst, the authors probe the philosophical as well as the cultural origins of the great recession. Orienting the volume is Arendt's argument that past financial crises and also totalitarianism are rooted, at least in part, in the tendency for capital to expand its reach globally without regard to political and moral borders or limits. That politics is made subservient to economics names a cultural transformation that, in the spirit of Arendt, guides these essays in making sense of our present world.
Including articles, interviews, and commentary from leading scholars and business executives, this volume offers views that are as diverse as they are timely. By reaching beyond "how" the crisis happened to "why" the crisis happened, the authors re-imagine the recent financial crisis and thus provide fresh thinking about how to respond.
Contents
Introduction: The Burden of Our Times Roger Berkowitz Part I: Hannah Arendt and the Burden of Our Times 1. Imperialism and the Current Financial Crisis Tracy B. Strong 2. No Revolution Required Jerome Kohn 3. Disdain for Politics and the Financial Crisis Antonia Grunenberg Part II: Business Values and The Financial Crisis 4. Capitalism, Ethics, and the Financial Crash David Callahan 5. An Interview with Paul Levy Roger Berkowitz 6. An Interview with Vincent Mai Roger Berkowitz 7. Brazil as a Model? Alexander R. Bazelow 8. Interview with Raymundo Magliano Filho Claudia Perrone-Moises 9. Roundtable: The Burden of Our Times Raymond Baker, Rebecca Berlow, Jack Blum, Zachary Karabel, Thomas Scanlon, and Taun Toay Part III: The Crisis of Economics 10. The Roots of the Crisis Sanjay G. Reddy 11. Where Keynes Went Wrong Hunter Lewis 12. Managed Money, the "Great Recession" and Beyond Dimitri B. Papadimitriou 13. Turning the Economy into a Casino David B. Matias and Sophia V. Burres
